Required Rulemaking on Personal Financial Data Rights
The Consumer Financial Protection Bureau (CFPB) is proposing to establish 12 CFR part 1033, to implement section 1033 of the Consumer Financial Protection Act of 2010 (CFPA). The proposed rule would require depository and nondepository entities to make available to consumers and authorized third parties certain data relating to consumers’ transactions and accounts; establish obligations for third parties accessing a consumer’s data, including important privacy protections for that data; provide basic standards for data access; and promote fair, open, and inclusive industry standards.
Proposed rule with request for public comment
Read it in the Federal Register
SUBMIT A FORMAL COMMENT
Regulations.gov comment form for this notice
Related Documents
Fast Facts for the Personal Financial Data Rights Proposed Rule